Filed April 17, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $20,095 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,241 | $56,047-8.6% | $98,716-48.1% | $79,634-35.7% |
| Participation rate | 28.2% | 54.6%-26.5pp | 69.3%-41.1pp | 62.5%-34.3pp |
| Annual return | 18.77% | 17.58%+1.2pp | 31.81%-13.0pp | 36.46%-17.7pp |
| Employer contribution / active EE | $450 | $1,237-63.6% | $2,279-80.3% | $2,529-82.2% |
| Participant deferral / active EE | $870 | $2,469-64.8% | $4,048-78.5% | $3,835-77.3% |
| Admin fee / account holder | $99 | $1,512-93.4% | $8,703-98.9% | $1,002-90.1% |